Independence Gold (CVE:IGO) Trading Down 16.7% – Should You Sell?

Independence Gold Corp. (CVE:IGO) shares fell 16.7% during trading on Wednesday . The company traded as low as C$0.10 and last traded at C$0.10. 359,009 shares traded hands during mid-day trading, a decline of 21% from the average session volume of 456,974 shares. The stock had previously closed at C$0.12.

Independence Gold Stock Performance

The company has a 50 day simple moving average of C$0.11 and a 200-day simple moving average of C$0.13. The company has a debt-to-equity ratio of 6.41, a current ratio of 3.35 and a quick ratio of 0.38. The stock has a market cap of C$22.47 million, a P/E ratio of -3.33 and a beta of -1.99.

Independence Gold Company Profile

Independence Gold Corp. engages in the acquisition, exploration, and evaluation of precious metal properties in Canada and North America. It explores for gold and silver deposits. The company holds 100% interest in the 3Ts Project comprising six claim groups and consist of seventy mineral claims covering an approximately 8,840 hectares located in the Nechako Plateau region of central British Columbia; and the Laidman Project comprising six mineral tenures covering an approximately 10,800 hectares located in the British Columbia.